From tulips to property: how economic bubbles work - An economic bubble is when the prices for assets are implausibly high and out of whack with fundamental values. This can happen with any asset class - equities, property, even flowers. When Tulipmania gripped Holland in the 17th Century, the price of one particular bulb shot to 10 times the salary of the average skilled craftsman. Unfortunately you can only be sure you’re in a bubble after it pops.

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The Chronicle of Higher Education reports that Peter Thiel thinks ideas can develop in a start-up environment much faster than at a university. And the project is also intended to question the idea of higher education. Thiel told TechCrunch that the United Sates was in a higher education bubble. "A true bubble is when something is overvalued and intensely believed," he said.
- Fellowships not to go to college